Shanghai SIIC Transportation Electric Co., Ltd. (STEC)

Company Profile

■URL

http://www.stec-cn.com/en/

■Address

No.400, North Caoxi Road, Shanghai, 200030 China

Business Overview

-The Company is a manufacturer of automotive motors, electric appliances, and electronic appliances, including power window motors, electric horns, and engine immobilizer systems. It is a member of the Huayu Automotive Systems Company Limited, but essentially owned by Shanghai Automotive Industry Corporation (Group).

Shareholders

Unlisted As of Dec. 31, 2018
Shareholder Shareholding Ratio (%)
HUAYU Automotive Systems Company Limited 70%
SAIC Europe S. ār. l 30%

Products

Auto Electric Appliances
-Wire harnesses
-Electric wipers
-Power sunroofs
-Power windows
-Central locks
-Internal door modulars
-Electric horns
-Relays
-Signal flashers
-Electric switches
-Ignition cables
-Cigar lighters

Auto Electronic Appliances
-Electronic control modules
-Door lock controllers
-Power window controllers
-Wiper controllers
-Electronic horn controllers
-Anti-clip controllers
-RKE systems
-Immobilizer systems

Auto Motors
-Electric wipers
-ABS motors
-Power window regulator motors
-Actuator motors

History

1951 Founded as the Shanghai Jianshe Transportation Parts Factory.
1956 Shanghai Jianshe Transportation Parts Factory came under ownership of both the state and a private company.
1966 Changed its name to Shanghai Transportation Electric Factory.
1987 Merged with Shanghai No.2 Auto Accessory Factory.
Nov. 1988 With capital invested from Hong Kong, jointly established Shanghai Siic Transportation Electric Co., Ltd.
1994 Independently developed power window motors, which were approved by Shanghai VW, for the Santana 2000.
June 1996 Jointly established Shanghai ITT Automotive Electric System Co., Ltd., with ITT of the US.
Oct. 1998 Valeo (of France) bought a stake in the company's subsidiary, Shanghai ITT Automotive Electric System Co., Ltd., and renamed it to Shanghai Valeo Automotive Electric Motors & Wiper Systems Co., Ltd.
Mar. 1999 Established Shanghai Brose Automotive Components Co., Ltd. with Brose International Co., Ltd. (Germany)
Dec. 1999 Jointly established a joint venture company called the Shanghai Delphi Automotive Door Lock & Security System Co., Ltd. with US based Delphi Co., Ltd. In 2002, the joint-venture company adopted a new name, Shanghai Delphi Automotive Door Systems Co., Ltd.
Aug. 2003 Established Shanghai Lear STEC Automotive Co., Ltd. jointly with Lear Corporation of the U.S.A.
Jul. 2004 Together with the small-car unit of ArvinMeritor Inc. (U.S.A.), the Company established Shanghai ArvinMeritor Automotive Parts Co., Ltd. as a 50/50 joint venture.
Mar. 2008 Shanghai Delphi Automotive Door Systems Co., Ltd. sold the entire 60 percent shareholding it had held in Shanghai Delphi Automotive Door Systems Co., Ltd. to Inteva Products, LLC, which is a wholly owned subsidiary of the Renco Group. The name of the joint-venture company was thereby changed to Shanghai Inteva Automotive Door Systems Co., Ltd.
June 2008 The Company sold the shares it held in Shanghai Valeo Automotive Electric Moto & Wiper System Co., Ltd. to Nidec.
June 2008 Established Nanjing Shenhua Automotive Electronic Co., Ltd. jointly with Donghua Automotive Industrial Co., Ltd..
July 2011 Inteva Products, LLC acquired ArvinMeritor's Body Systems business. Thus Shanghai ArvinMeritor Automotive Parts Co., Ltd. changed name to Shanghai Inteva Automotive Parts Co., Ltd. 
Nov. 2015 Baoding Shanghai SIIC Transportation Auto Part Co., Ltd., the wholly-owned subsidiary of the Company, established.
Apr. 2019 Huayu Automotive Systems (HongKong) Co., Ltd. acquired a 30% stake in Shanghai SIIC Transportation Electric Co., Ltd. from SAIC Europe S.àr.I. and Shanghai SIIC Transportation became Huayu's wholly-owned subsidiary.

Supplemental Information 1

>>>Business Report FY2006
>>>Business Report FY2007
>>>Business Report FY2008
>>>Business Report FY2009-2011
>>>Business Report FY2014
>>>Business Report FY2017

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss

Employees

FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Total 686 710 748

Source : China Automotive Industry Yearbook (Issued every October)

Sales by subsidiary

(in million yuan)
Company name FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Shanghai Brose Automotive Components Co., Ltd. - 2,237.36 2,245.62
Shanghai ArvinMeritor Automotive Parts Co., Ltd.
Formerly Shanghai ArvenMeritor Automotive Parts Co., Ltd.
1,397.01 1,390.78 1,224.39
Shanghai Inteva Automotive Parts Co., Ltd. -Chengdu Branch 85.03 106.06 -
Shanghai Inteva Automotive Door Systems Co., Ltd.
Formerly Shanghai Delphi Automotive Door Systems Co., Ltd.
1,136.58 994.70 757.22
Valeo Shanghai Automotive Electric Motors & Wiper Systems Co., Ltd. 906.77 867.79 690.89

Source : China Automotive Industry Yearbook (Issued every October)

Production Volume by Products

(in thousand units)
Products FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Mini motors 290 318 313
Alarm systems - 11,974 11,460
Switches 290 2,120 2,380
Controllers - - 324
Anti-theft Alarm System - 661 -
Power window lifters - 7,093 7,154

Production Volume by Company

(in thousand units)

Product Company name FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Inner door modules Shanghai Brose Automotive Components Co., Ltd. - - 2,018
Power window lifters - 5,540 4,478
Fans - - 894
Seat frame - 1,150 1,123
Doors - 1,339 -
Locks Shanghai Inteva Automotive Door Systems Co., Ltd.
*1
- 13,090 -
Power window lifters 40 45 -
Sunroofs Shanghai Inteva Automotive Parts Co., Ltd. 982 1,094 966
Shanghai Inteva Automotive Parts Co., Ltd. -Chengdu Branch 100 128 -
Wipers Valeo Shanghai Automotive Electric Motors & Wiper Systems Co., Ltd. - 8,033 -

Source :China Automotive Industry Yearbook (issued every October)

*1:In March 2008, Inteva Products, LLC purchased Shanghai Delphi Automotive Door Systems Co., Ltd. and changed its name to Shanghai Inteva Automotive Door Systems Co., Ltd.